How quick do altcoins pump in bull run? - page 9.

bluebit25

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

I think when the bitcoin movement is really strong and we will see many indicators from the market as well as regular positive news, I have a small experience of profit taking that I realize After each bull cycle comes when the people around you who have never really cared about finance and crypto have started to learn and invest in it, that's when you need to have a plan. profit taking plan. Each bull period new trends will appear and they will be spread by many groups, social networks, and offers of opportunities will appear continuously. When that time comes, it is best to keep a sober mind to avoid letting greed pull you, and also to be satisfied with the results you can get, do not think that you will regret the opportunities that can sell for a higher price.

JamesDaniel90

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One altcoin I bought 2 weeks ago is currently up 85% - how do you resist the urge to sell too soon?

I am thinking of taking out half my investment when it reaches 120% but I'm also telling myself not to sell too soon Undecided

MiF

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

I think it depends on the altcoins, because there are altcoins that didn't pump during bull season,most of them are altcoins that being left behind by thier developer during bear season and turn into a shit coin,i have a lot of them in my wallet until now no value and no update no development at all,so the best strategy i think is to buy altcoins like bnb,eth,matic,ftm,etc.,this coins are proven and tested it will always follow btc bull trend there is a lot more on CMC search them all and select whats best for you.

Huppercase

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

It will hurt you if market doesn't go the way you want, it's better you lower your expectations and toe whatever comes after that. However, you should be prepared for what's coming, and get ready for any dump that happen after that, just have thought of small loss and some profits to avoid disappointment. Though, what you gain depends on what type of coin you have,I expect you to do your own research and buy any coin of your choice and hold, if you are lucky to buy traders favorite, you will make money like you have never seen before.

eaLiTy

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Quote from: Chainsmokers on June 22, 2023, 12:03:16 PM

Very fast! if the bullrun comes Altcoin will experience bullish and always increase in every correction,
so if you lose the moment to buy Altcoin like at a bearish time like now then it will be a regret,
because altcoin has fallen more than -90% from its peak and now the price very cheap, buy and hold is a good way.

The sentiment is same, always purchase the coins during the bear market but the most important thing is that, when you invest in alts make sure you select the coins that are technically sound rather than investing in any shitcoin created for pump and dump. In the mean time you can invest in hyped projects checking their team members and promoters just to ride the rally which will bring the most profit.

umbara ardian

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Well, this will be interesting to see. A promising and vibrant market with gem coins that can skyrocket at any moment and explode the market like the way dogecoins and trending memes did in 2021. What excites me now is thinking about which coin will lead the market and create a new trend to attract cash flow, as well as change the atmosphere of panic after Binance's FUD. That will be the impetus for other low-volume altcoins that still have work to do in order to create a new cycle in this bull season.

|MINER|

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.
Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
Any advice on how to prepare when it comes to being ready to take profit?

If you care about security then I will tell you to invest in Bitcoin because Bitcoin is the most secure place for long term investment. Even then if you want to invest in alt-coin then I will tell you to invest in bnb, ethereum, polygon(matic), lite coin etc first. Because among the secure coins after Bitcoin. Because I think they are one of the most secure coins after I will tell you not to invest at once, because if you invest to get quick profit like this, the risk will be high and many times you can get hacked.

savetheFORUM

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

Well, you can't really have a specific selling target for the coins and tokens that you hold in a bull run because you never know when is the peak and it's going to stop there and will come down from there, just like what happened in the previous bull run, a lot of people bought Bitcoin at $69k expecting it to go up even more but what happened was devastating for them, it dipped and the rest is history.

So the best practice is probably to take profit from all the assets that you are holding when you see the market getting a bit stable during the bull run, if you are satisfied with the profits at that moment, it's better to just sell them or at least most of them and hold only a portion from each so that if the price goes further up, you can get more profits and if it doesn't, you can sell the remaining later on.

Jocuserious

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Why you haven’t bought billion btc then altcoins market will pump autocratic. You should justify crypto market which is important for btc price rising then we can expect bull market for altcoins. You may know very long time over the price of btc not moving so that's why we couldn’t confirm date about bull market.

Chainsmokers

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Very fast! if the bullrun comes Altcoin will experience bullish and always increase in every correction,
so if you lose the moment to buy Altcoin like at a bearish time like now then it will be a regret,
because altcoin has fallen more than -90% from its peak and now the price very cheap, buy and hold is a good way.

panjay

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

it's feel like you won the lottery every single day and you always want to buy a lottery ticket again to win it again the next day.

Unfortunately it not going to happen, but yeah it's going to be like that for some time.

The sign for you to take a profit is, when you want to brag about your gain, whether online or with your IRL friend, that's was one of the signs. I like to think like this when it comes to taking a profit " If I take a profit at this level, will it be enough? And if the price drop at a certain point can I take it mentally ?" yea something like that.

jacafbiz

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Quote from: JamesDaniel90 on June 21, 2023, 07:01:13 AM

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?

I hope you are buying the right coins because yesterday's performance won't determine future performance. Every bull market comes with its own story, L1, NFT, Metaverse, L2, AI, etc so you need to research what is likely going to pump next, rather than just go to the exchange and buy any cheap available token.
The rate of the pump depends on the narrative pushing the pump, some coins pump for a few days and stop while some will pump for weeks and even months, the most important thing is for you to be well positioned, buying the right tokens is very important and spread your bet

judaspriest

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Quote from: tvplus006 on June 22, 2023, 04:54:24 AM

Quote from: JamesDaniel90 on June 22, 2023, 03:33:23 AM

...I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so...

Everything will depend on how high bitcoin can rise in relation to its ATH. In this case, the top altcoins that you hold will also be able to exceed ATH. But given the current price of altcoins, you need to form your cryptocurrency portfolio without waiting for the bull market.

You could say Bitcoin is still the benchmark for altcoins and that's because Bitcoin is the king of crypto,
forming a crypto portfolio does not have to wait for a bull market,
clearly take advantage of the opportunities that exist to generate profits.

killerfrost

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I'm not sure that time period the market is in a bull cycle, but I'm also very optimistic that it could happen. Having gone through at least 2 bull cycles in the crypto market I feel like I have missed out on a lot of opportunities to make big profits, but I also always take them as lessons to do better now and in the future. In the future, I know that everyone will have different investment criteria and profit margins, so it's hard to advise anyone on how. But however I think it's hard to take profits on target, they are quite relative and there are times when the sentiment is not strong and we miss the opportunity to sell the ATH level, in fact a few people can grasp it. catching profit taking opportunities, remember that during the bull phase we can easily take profits so make sure everything is always proactive in the asset and don't get too caught up in exaggerated trends, names previous investment should have a plan to guarantee the initial capital as well as the desired profit, reaching x10 or even higher is not difficult and the need to know is to be patient with them.

blackened515

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One thing I know for sure about bull run is the total number of Altcoin you hodl and the exchange they are been traded at, also the strength of the coin and it's social activities, the last Bull run can remember very well favours coins that was listed on Binance and Coinbase, I came to understand that coins on those cex has good structure and use case and those are the coins that pump out during bull run.

If you really want to enjoy the next Bull run and your portfolio are full of shitty coins with low volatility and no use cases, then I would advise you op to revised your portfolio to better Altcoins mainly listed on major centralized and decentralized exchange.

yazher

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Just in case that will go to happen sooner, you need to know what you will need to do because it won't be expected, and the market is congested because there will be lots of transactions than ever before, so you need to be fast and know exactly where to go when it is crowded. You need to have alternative routes on where to sell out your altcoins whenever their price has risen unexpectedly because when you see that, you will quickly panic and want to sell it as soon as possible. You need to have multiple things ready if the exchanges do not seem prepared to trade bitcoins, and you need to search for another way, like switching it temporarily for a stablecoin of your choice to get the max price of your altcoins when bull runs come.

tvplus006

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Quote from: JamesDaniel90 on June 22, 2023, 03:33:23 AM

...I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so...

Everything will depend on how high bitcoin can rise in relation to its ATH. In this case, the top altcoins that you hold will also be able to exceed ATH. But given the current price of altcoins, you need to form your cryptocurrency portfolio without waiting for the bull market.

JamesDaniel90

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Hello all, thanks for the replies so far.

I am currently holding 12 altcoins, 5 in the top 25 and the majority of the rest in the top 60 with a few outsiders that I am betting a small amount on to do well in the bull run.

I do not have a plan yet for profit taking but thinking the first thing I will do once I 2x my position is to take out half of my investment.

I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so.

I think once the bull run does come around that I will ladder sell parts of my holdings as the prices go up, I will not try and time the top.

someone703

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We can accumulate crypto for a long time and profit taking I also think the use of a long time to apply, as I have been through a few cycles before and have made many mistakes, I am not too much. Expecting a certain coin to reach the expected price, when the market starts to increase and there are many sources of money moving in, it is also easier to reverse the portfolio and take profits. A bull cycle can take profits in about a year, I think every 10% cashout monthly, or move into new categories where we feel more confident.

TheUltraElite

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So anyway, I applied as a merit source :)

A bull run may hit anytime, hoping you experience your first one is good but you must also appreciate the bear run while it's lasts. Both of these time periods have their own significance and it's not that bull run is good and bear run is bad. The bear run reveals hidden lacunae in the shitcoins causing them to reveal their full colours eventually leading to their downfall and weeding out. Bear market is the time to buy at the lows while you sell at the bull market.

So as far as preparation is concerned buy the coins while the bear market persists and sell them at the bull run.

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